NZD/JPY Breakout Confirmed by ThinkingAntsOk🔸 DAILY CHART EXPLANATION:
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🔸 Price broke the Resistance Zone after consolidating for a few weeks.
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🔸 We consider it has potential to make a strong upside move towards the Descending Trendline.
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🔸 However, we may see a corrective move looking for a pullback to the broken zone in the short term.
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🔸 Will look for a lower timeframe Bullish Setup.
🔸 WEEKLY CHART ANALYSIS:
Nzd-jpy
NZDJPY Price is entering our Bearish zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
NZDJPY. The price will reach the resistance level.Hello dear subscribers!
The price of the New Zealand dollar has overcome a key level.
The price will reach the resistance level,
but volatility will be observed.
Good luck to you!
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This idea does not provide the financial advice.
NZDJPY SHORT TRADENZDJPY is in trading range between 63.40 and 66.10
Price rebounded from supply zone after forming false breakout at level 66.10
We r waiting price breaking support level 65.38 to open short trade
RSI is in downtrend
It's expected for coming bearish wave to target the demand zone at level 63.45
ANALYSIS ON NZDJPYHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price hit its resistance and it is going down. One can place a sell stop at 65.850/800
Let us know your views on this in the comment section. Thank you all.
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Ryan.R..Lopes
NZDJPY - Selling the top of the range NZDJPY is Bearish - We look to Sell at 66.08
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Price action continued to range between key support & resistance (66.16 - 63.46) and we expect this to continue.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 66.08, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 66.25
Target1: 65.00
Target2: 64.50
NZD/JPY What to Expect by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price has been moving on a range for a few weeks.
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🔸 Right now it is facing the Resistance Zone, which was tested multiple times and could not be broken.
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🔸 If price bounces, it has potential to reach the Support Zone again, and, if it breaks to the upside, then it has potential to make an upside move towards the Resistance Zone.
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🔸 Will look for a lower timeframe setup when the scenario is clear.
🔸DAILY CHART ANALYSIS:
NZDJPY - Limited upside within the bearish channel NZDJPY is Bearish - We look to Sell at 65.40
▪️ Trading within a Bearish Channel formation.
▪️ We have a 78.6% Fibonacci pullback level of 65.29 from 65.79 to 63.46.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 65.40, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 65.85
Target1: 63.95
Target2: 63.50
NZDJPY Price has broke above our "Make or break" Zone This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (64.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 65.05
TP2= @ 66.00
TP3= @ 66.73
SL= Break below S2
Don't miss the great buy opportunity in NZDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (64.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 65.05
TP2= @ 66.00
TP3= @ 66.73
SL= Break below S2
NZDJPYThe support has been rejected as we can see. The Bear wasn't able to break that wall once again after already trying several times. Guess she will have to go up once more(Bullish TP 1) to bounce on that wall harder. Or even go higher(Bullish TP2) to make sure the bounce is backed by a harder force to break that support.